Appeal of Keystone Table Co.

Board of Tax Appeals

Appeal of Keystone Table Co.

1 B.T.A. 382

CourtUnited States Board of Tax Appeals

DecidedJanuary 27, 1925

DocketDocket No. 533

StatusPublished

Cited by1 cases

This text of 1 B.T.A. 382 (Appeal of Keystone Table Co.) is published on Counsel Stack Legal Research, covering United States Board of Tax Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Appeal of Keystone Table Co., 1 B.T.A. 382 (bta 1925).

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Opinion

[383]*383OPINION.

Graupner :

The Revenue Act of 1918 contains no provisions which would permit the taxpayer to deduct the loss sustained by it in 1920 from the net income of the year 1921. Section 204(b) of the 1921 act expressly limits the operation of its provisions to losses sustained after December 31, 1920. Section 204(b) of the 1918 act provides no relief for the taxpayer and it is without the privilege granted in the later act; therefore, the determination of the Commissioner must be sustained.

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[383]*383OPINION.

Graupner :

The Revenue Act of 1918 contains no provisions which would permit the taxpayer to deduct the loss sustained by it in 1920 from the net income of the year 1921. Section 204(b) of the 1921 act expressly limits the operation of its provisions to losses sustained after December 31, 1920. Section 204(b) of the 1918 act provides no relief for the taxpayer and it is without the privilege granted in the later act; therefore, the determination of the Commissioner must be sustained.

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1 B.T.A. 382, Counsel Stack Legal Research, https://law.counselstack.com/opinion/appeal-of-keystone-table-co-bta-1925.

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